Short Interest Runner: What Will Happen to Unit Corporation (NYSE:UNT) Next? The Stock Has Increase in Shorts

November 18, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Runner: What Will Happen to Unit Corporation (NYSE:UNT) Next? The Stock Has Increase in Shorts

The stock of Unit Corporation (NYSE:UNT) registered an increase of 0.16% in short interest. UNT’s total short interest was 6.63 million shares in November as published by FINRA. Its up 0.16% from 6.62 million shares, reported previously. With 736,900 shares average volume, it will take short sellers 9 days to cover their UNT’s short positions. The short interest to Unit Corporation’s float is 13.26%. About 193,204 shares traded hands. Unit Corporation (NYSE:UNT) has risen 89.86% since April 18, 2016 and is uptrending. It has outperformed by 85.43% the S&P500.

Unit Corporation is an oil and natural gas contract drilling company. The company has a market cap of $1.15 billion. The Firm has activities in the exploration and production and mid-stream areas. It currently has negative earnings. The Firm operates through three divisions: Oil and Natural Gas, Contract Drilling and Mid-Stream.

Insitutional Activity: The institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.01, from 1.43 in 2016Q1. The ratio increased, as 24 funds sold all Unit Corporation shares owned while 39 reduced positions. 28 funds bought stakes while 62 increased positions. They now own 47.60 million shares or 3.46% less from 49.31 million shares in 2016Q1.
Comerica Natl Bank, a Michigan-based fund reported 51,421 shares. First Trust Advsr Ltd Partnership owns 166,851 shares or 0.01% of their US portfolio. Prudential Fincl holds 176,280 shares or 0% of its portfolio. Los Angeles Cap & Equity Inc last reported 0% of its portfolio in the stock. Hanseatic Management Incorporated holds 0% of its portfolio in Unit Corporation (NYSE:UNT) for 155 shares. Piermont Capital Mgmt Inc has 86,861 shares for 0.35% of their US portfolio. Victory Capital Mgmt last reported 2.58M shares in the company. Marshall Wace Ltd Liability Partnership, a United Kingdom-based fund reported 268,531 shares. Dynamic Mgmt holds 28,557 shares or 0.05% of its portfolio. The Pennsylvania-based Penn Management Co has invested 0.02% in Unit Corporation (NYSE:UNT). Teachers Retirement System Of The State Of Kentucky holds 19,700 shares or 0% of its portfolio. Gsa Cap Prtnrs Ltd Liability Partnership holds 51,263 shares or 0.04% of its portfolio. Glenmede Na owns 70 shares or 0% of their US portfolio. Nationwide Fund last reported 0% of its portfolio in the stock. Capstone Asset accumulated 0.01% or 14,743 shares.

Unit Corporation (NYSE:UNT) Ratings Coverage

Out of 5 analysts covering Unit (NYSE:UNT), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Unit has been the topic of 8 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Unit Corporation (NYSE:UNT) has “Outperform” rating given on Monday, August 17 by Iberia Capital Partners. The firm has “Buy” rating given on Friday, June 24 by Seaport Global. The rating was upgraded by Raymond James on Friday, May 6 to “Strong Buy”. The stock has “Accumulate” rating given by KLR Group on Thursday, May 26. The stock of Unit Corporation (NYSE:UNT) earned “Buy” rating by SunTrust on Thursday, December 17.

UNT Company Profile

Unit Corporation, incorporated on July 28, 1986, is an oil and natural gas contract drilling company. The Firm has activities in the exploration and production and mid-stream areas. The Firm operates through three divisions: Oil and Natural Gas, Contract Drilling and Mid-Stream. The Firm is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas. The Company’s Oil and Natural Gas activities are carried out by its subsidiary Unit Petroleum Company. Contract Drilling activities are carried out by subsidiary Unit Drilling Company. The Company’s Mid-Stream activities are carried out by subsidiary Superior Pipeline Company, L.L.C.

More news for Unit Corporation (NYSE:UNT) were recently published by: Seekingalpha.com, which released: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q3 2016 Results – Earnings Call …” on November 06, 2016. Businesswire.com‘s article titled: “Unit Corporation Reports 2016 Third Quarter Results” and published on November 03, 2016 is yet another important article.

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By Peter Erickson


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